Hing Ming Holdings Limited provided group earnings guidance for the year ended 31 March 2019. The board of directors of the Company wishes to inform shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts and information currently available, the Group is expected to record a moderate decrease in total revenue and a substantial decrease in net profit attributable to the owners of the Company for the year ended 31 March 2019 as compared to that for the corresponding period in 2018. Such expected decrease in net profit was mainly attributable to (i) the decrease in revenue generated from the trading of equipment and spare parts business of the Group due to the competition with other market players and (ii) a lower gross profit margin for the Group as a result of the increased in depreciation charges in cost of sales for the year ended 31 March 2019.